🟠 BTC Hits $108,000

First time reading? I’m Jordan, and this is The Bitcoin Minimalist. Every Tuesday & Thursday, we scour 100s of sources to bring you need-to-know Bitcoin insights.

Good morning — Jordan here.

Wow, we just hit another all-time high above $108,000!

Happy Tuesday to the 18,633 Minimalist members reading today. 👋 

Today we’re covering:

• Trump may declare Bitcoin a US reserve asset on day 1

• MicroStrategy’s BTC holdings hit 439,000 worth $45.6B

• Bitcoin-to-gold ratio hits record 40 ounces per BTC

• And everything else you need to know.

Estimated read time: 2 minutes and 58 seconds

WHAT WE’RE WATCHING

🪙 Trump may declare Bitcoin a US reserve asset on "day one," per Strike CEO Jack Mallers. This could involve a $20 billion BTC purchase in 2025 under the proposed Bitcoin Act. This could potentially drive prices to $800,000 or beyond by year-end, according to Perianne Boring.

📊 MicroStrategy bought 15,350 BTC for $1.5B, bringing its total holdings to 439,000 BTC worth $45.6B. The average purchase price is $61,725 per BTC. The company’s stock is set to join the Nasdaq-100 Index amid a 490% year-to-date price surge.

🌐 Trump’s new Crypto Czar calls Bitcoin “digital gold,” highlighting its role in helping people escape oppressive regimes. By memorizing a seed phrase, individuals can secure wealth without the need to carry anything physical.

📈 Bitfinex projects Bitcoin could peak between $160,000 and $290,000 by early 2026. Their prediction is based on historical bull cycles and technical indicators. Factors like institutional adoption, ETF launches, and market stability support this projection, with the Pi Cycle Top Indicator signaling potential peaks by mid-2025 to early 2026.

🇯🇵 Japanese lawmaker Satoshi Hamada urges Japan to create a national Bitcoin reserve. Mr. Hamada aims to reduce Japan’s reliance on foreign currencies like the U.S. dollar. Inspired by global trends in the U.S., Brazil, and Poland, Hamada believes Bitcoin can boost Japan’s economy and financial independence.

IN THE LOOP

• The Bitcoin-to-gold ratio hit a record high of 40 ounces per BTC as Bitcoin surpassed $106,000.

• MicroStrategy will join the Nasdaq-100 on December 23.

• An Arizona man posing as an Uber driver was arrested for allegedly stealing $300,000 in crypto from passengers using phone-to-phone transfers.

• Semler Scientific purchased 211 Bitcoin for $21.5 million, raising its total holdings to 2,084 BTC.

• FTX will begin distributions by March 2025 with Kraken and BitGo as partners.

• New FASB rules require companies to report Bitcoin at market value.

The most clicked link in our last newsletter was Bitbo’s brand new “Real Bitcoin Dominance" chart, this specialized chart excludes stablecoins and inflated market caps.

POLL

THURSDAY’S POLL RESULTS

What is your Bitcoin buying strategy?

🟩🟩🟩🟩🟩🟩 📅 Dollar-Cost Averaging- 53%

🟨🟨🟨⬜️⬜️⬜️ 📊 Buying the Dip - 30%

🟨⬜️⬜️⬜️⬜️⬜️ 📦 Lump-Sum Investing - 12%

🟨⬜️⬜️⬜️⬜️⬜️ 🤷‍♀️ Other - 5%

📅 Dollar-Cost Averaging: “Buy everyday and don't look at price.” - James

📊 Buying the Dip: “Just use Bitbo Pro, and you'll know when to buy ;)” - Trent

📦 Lump-Sum Investing: “I buy more BTC when I come into more money via selling covered calls on MSTR.” - Chris

🤷‍♀️ Other: “Haphazard accumulation as best as I can manage.” - Brendan

🤷‍♀️ Other: “Only buy during bear part of cycle.” - Dylan

VIDEO

🚀 Michael Saylor: MicroStrategy will keep buying Bitcoin with no limit. 

Saylor compares Bitcoin to a "cyber Manhattan," calling it a future-proof investment.

CHARTS & DATA

Hash rate - Bitcoin hash rate continues to climb, with no signs of slowing down. Latest estimates put the network hash rate around 800 EH/s.

MVRV - Bitcoin’s MVRV currently stands at 2.7. It’s slowly moving towards 3.0 which has historically been close to bull market tops.

FROM THE ARCHIVE

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